South Sudan: Tax measures in Financial Act 2024 / 2025
Measures related to business profit tax, withholding tax, customs, and excise duties
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January 22, 2025
The South Sudan Financial Act 2024 / 2025, which was enacted on November 25, 2024, and became effective on December 2, 2024, included the following tax measures:
- Business profit tax
- A 4% rate was reintroduced as advance payment of business profit tax on imported goods.
- A 30% tax on income from rental investments was introduced subject to allowable deductions such as local council, city rate levies, or interest expense on the mortgage. However, this tax will only apply to businesses that solely operate within the real estate sector.
- Individual (personal) income tax
- The taxable bands and rates for individual income tax purposes remain unchanged from the prior period 2023 / 2024.
- Withholding tax
- A withholding tax on ancillary services to rent was introduced.
- The rates of withholding tax for government contract payments were revised.
- A 10% withholding tax rate on mobile money commission given to dealers was introduced.
- Customs
- Relief through exemption from custom duty on importation of raw materials and intermediate goods was introduced. Custom duties will, however, be payable on the finished goods at the point of exit from the firm or company premises.
- Excise duties
- The excise tax regime was significantly changed, with both reductions and additions to excise tax rates across a range of products.
Read a January 2025 report prepared by the KPMG member firm in Uganda